MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) saw unusually large options trading activity on Wednesday. Investors acquired 23,831 put options on the stock. This is an increase of 2,157% compared to the average daily volume of 1,056 put options.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler reiterated an "overweight" rating and set a $425.00 price target on shares of MongoDB in a research report on Tuesday. Barclays increased their target price on MongoDB from $375.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday. JMP Securities reissued a "market outperform" rating and set a $380.00 price target on shares of MongoDB in a report on Wednesday. Sanford C. Bernstein upped their price target on shares of MongoDB from $358.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Finally, Loop Capital lifted their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $370.08.

MongoDB Price Performance

Shares of MDB traded down $8.59 during trading hours on Thursday, hitting $288.61. 2,748,906 shares of the company were exchanged, compared to its average volume of 1,519,505. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market capitalization of $21.32 billion, a PE ratio of -95.57 and a beta of 1.17. The firm has a fifty day simple moving average of $293.13 and a 200-day simple moving average of $269.12. MongoDB has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. MongoDB's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. As a group, sell-side analysts predict that MongoDB will post -2.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Dev Ittycheria sold 3,556 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $911,225.00. Following the completion of the transaction, the chief executive officer now directly owns 219,875 shares of the company's stock, valued at approximately $56,342,968.75. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 154 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares of the company's stock, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock valued at $7,611,849 in the last ninety days. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock worth $295,000 after purchasing an additional 40 shares during the period. Taylor Frigon Capital Management LLC boosted its position in MongoDB by 0.4% during the second quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company's stock valued at $2,475,000 after purchasing an additional 42 shares during the last quarter. Tanager Wealth Management LLP lifted its holdings in shares of MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock valued at $259,000 after buying an additional 43 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of MongoDB by 7.6% during the 2nd quarter. Fifth Third Bancorp now owns 620 shares of the company's stock worth $155,000 after purchasing an additional 44 shares during the last quarter. Finally, Rakuten Securities Inc. increased its position in MongoDB by 16.5% during the third quarter. Rakuten Securities Inc. now owns 332 shares of the company's stock worth $90,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.